Samsung expects a 56% drop in Q2 operating profit, far short of estimates
Its chip business struggled with weak sales of artificial intelligence chips, dogged by delays in the supply of its latest chips to Nvidia and continued losses in its contract chip manufacturing business, analysts said.
The world's largest memory chipmaker estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate.
That would compare with 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter.
Revenue would likely fall 0.1 per cent to 74 trillion won from a year earlier, the filing showed.
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